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Found 25 results

  1. DANIEL LEE: Bo Polny’s “Greatest Timepoint In Human History” Aligns With Real Passover Date On April 26th! Maggie Mitchell1 day ago Daniel Lee and Bo Polny spoke the truth These two aren’t afraid to talk about Donald Trump, Bitcoin, and pretty much every hot topic out there. Lee follows the Jewish Feast Dates. Bo spoke of “one of the greatest timepoints in human history” in late April. Well, the date he suggested is the TRUE date of Passover. Biblical cycle expert and financial analyst Bo Polny says we are approaching the “Greatest Time Point in Human History” near the end of April. In the last year, Polny has calculated time points and big events such as his prediction of a “new era of time” that would unfold after his February 2020 interview. It certainly did with the age of Covid lock-downs that started in March of 2020. Polny also predicted a 35% to 40% decline in the stock market in mid-2020. (The market sold off 38%.) Polny also predicted “something epic” would happen on September 18, 2020, and that was the day Supreme Court Judge Ruth Bader Ginsberg died. So, what is Polny’s cycle analysis telling him now? Polny says, “What started in 2020 will end in 2021, and we have related that actual cycle to Noah’s Ark. When oil went to zero (April 21, 2020), that would equate to when the door was closed on the Ark. . . . This is the time when Noah is on the Ark and doesn’t step off until April 26, 2021. . . . The world we are presently stepping into is the new era, and it does not start until April 26, 2021, and right now we are in transition. The greatest time point in history is about to happen.” Polny says there are other biblical cycles ending as well in 2021. Polny explains, “One of the cycles that we are following is called the Red Sea Moment, and the cycle time point for that is April 25, 2021. (This is when Moses parted the Red Sea to escape from Pharaoh in ancient Egypt.) So, we are about a month away right now. What will happen, I don’t know . . . but it is truly fascinating that things are happening right now at the Rea Sea. (A massive container ship is currently blocking the Suez Canal.) The United States is replaying biblical cycles. April is going to change our world forever.” Then there is the 50 year debt jubilee concept talked about in the Bible. The U.S. dollar was taken off the gold standard by President Richard Nixon in August 1971. August 2021 is the 50th year. Polny says, “God is going to force the hand of this event. So, when the dollar drops sizably in value, expect an immediate reaction, and the immediate reaction would likely be some type of a war event.” What about Bitcoin and the U.S. dollar? Polny says, “Bitcoin is up $40,000 in God’s New Year, and we are in the 50th year in a jubilee cycle. So, this year, the dollar itself is supposed to tank. When it drops, that’s going to be the fuel for Bitcoin and the crypto currencies to accelerate even faster vertically. . . . We have talked about this before, and I have said the price point for Bitcoin could be over $200,000 in 2021. . . . The price moves we have seen so far are only preliminary pricing for what is still coming for Bitcoin. . . . Wall Street is front-running the trade and piling into Bitcoin because they know something.” What about gold and silver? Polny says, “When gold and silver go up on this move that’s coming . . . this move coming for precious metals will destroy the banks. It will destroy the financial mechanisms that are in place right now. When it starts to destroy the mechanisms used to hold down precious metals, that’s going to cost them billions of dollars a minute when gold and silver start to skyrocket. So, they are doing anything and everything to not let precious metals go up. There is a point of time coming, and it is based on Leviticus 25:9. It specifically talks about the 50 year jubilee cycle. . . . That event is going to cause a drop in the value of the U.S dollar. That event is going to cause a jubilee cycle for precious metals where they lift off and go vertical.” On President Trump returning to office, Polny says, “Cycles do nothing more than replay themselves with different characters. Look at Saul and David. Saul ended up chasing David out because he knew he was anointed. David ran and hid in the wilderness, and, basically, he was hiding. What did they do to Trump? They chased him out of the White House. As in David, he was chased out, but chase him out all you want, he was still anointed. . . . We are replaying history with different characters. In this case, Saul is Biden and Trump is David . . . but when Saul falls, David returns. That’s what’s coming.” In closing, Polny contends that God will not turn over America to evil. Polny predicts, “America will not fall . . . God will not forsake America.” We can’t wait to see what happens later in April. Watch this on Rumble. .
  2. Wait Until You See the Price of Gold in Venezuela Right Now August 6, 2018 Last month in Venezuela’s capital city of Caracas, a cup of coffee would have set you back 2 million bolivars. That’s up from only 2,300 bolivars 12 months ago, meaning the price of a cup of joe has jumped nearly 87,000 percent, according to Bloomberg’s Café Con Leche Index. And you thought Starbucks was expensive. But that was July. Prices in Venezuela are doubling roughly every 18 days. The International Monetary Fund (IMF) now projects inflation to hit an astronomical 1 million percent by the end of this year. This puts the beleaguered Latin American country on the same slippery path as Zimbabwe a decade ago and Germany in the 1920s, when a wheelbarrow full of marks was barely enough to get you a loaf of bread. Venezuela’s socialist president Nicolas Maduro—who only this past weekend survived an assassination attempt involving several explosive-laden drones—announced recently that the country plans to rein in hyperinflation by lopping off five zeroes from its currency. If you recall, Zimbabwe similarly tried to combat soaring prices of its own by issuing a cartoonish $100 trillion banknote—which in 2009 was still not enough to buy a bus ticket in the capital of Harare. Without structural governmental reforms, a new bolivar is just as unlikely to steady Venezuela’s skyrocketing inflation or remedy its crumbling economy. Gold Could Save Your Life So where does this put gold? At some point, hyperinflation gets so ludicrously out of control that discussing exchange rates becomes pointless. But as of July 30, an ounce of the yellow metal would have gone for 211 million bolivars—an increase of more than 3.1 million percent from just the beginning of the year. click to enlarge My point in bringing this up is to reinforce the importance of gold’s Fear Trade, which says that demand for the yellow metal rises when inflation threatens to destroy a nation’s currency—as it’s doing right now in Venezuela. A Venezuelan family that had the prudence to store some of its wealth in gold would be in a much better position today to survive or escape President Maduro’s corrupt, far-left regime. In extreme cases like this, gold could literally help save lives. Such was the case following the fall of Saigon in 1975. If not for gold, many South Vietnamese families might not have managed to escape the country. A seat on one of the thousands of fleeing boats reportedly went for eight or 10 taels of gold per adult, four or five taels per child. (A tael is slightly more than an ounce.) Gold was their passport. Thanks to the precious metal, tens of thousands of Vietnamese “boat people,” as they’re now known, were able to start new lives in the U.S., Canada, Australia and other developed countries. Venezuela’s Once Prosperous Economy Destroyed by Corruption and Mismanagement But back to Venezuela. Amid the corruption and mismanagement, the only thing helping the country pay its bills right now is gold. Two years ago, it had the world’s 16th largest gold reserves. Today it stands at number 26 as it’s sold off more than half its holdings since 2010. While countries such as China and Russia continue to add to their holdings, Venezuela has been the world’s largest seller of goldfor the past two years. click to enlarge It’s hard to remember now, but as recently as 2001, Venezuela was the most prosperous country in all of South America. Like Zimbabwe, the OPEC nation is rich in natural resources, home to the world’s largest oil reserves and what’s believed to be the fourth largest gold mine. Oil exports account for virtually all of its export revenue. In 2016, Venezuela was the third largest exporter of crude to the U.S. following Canada and Saudi Arabia, but with output in freefall, this is changing rapidly. For the first time ever in February, Colombia sold more crude oil to the U.S. than its eastern neighbor did. And in June, Venezuela’s state-owned oil and gas company, Petróleos de Venezuela (PDVSA), informed at least eight foreign clients that it would be unable to meet supply commitments. According to GlobalData, production is on track to fall to only 1 million barrels per day by 2019, down from 3 million a day in 2011, meaning the petrostate might soon have nothing left to deliver. President Maduro now has the ignoble distinction of reigning over an economic recession that rivals the very worst in modern history. Last month, the IMF forecast that the country’s real gross domestic product (GDP) would fall 18 percent this year—the third straight year of double-digit declines. click to enlarge A mass exodus of young, working-age Venezuelans, many of them college-educated, is unlikely to help. Estimates of the number of people who have fled the country in the past two years alone range from 1.7 million to as high as 4 million. Their escape is no easy task, as numerous international airlines, citing rampant crime and a lack of electricity, have canceled all flights in and out of Caracas. The only U.S. carrier still operating in the country is American Airlines, which offers a single daily flight from the nation’s capital to Miami. Just two years ago, there were as many as 40 nonstop American flights, not to mention those of rival carriers, between the two cities—a sign of just how dramatic and swift Maduro’s mismanagement has been in crippling Venezuela’s once-robust economy. The Diversification Benefits of Gold The gold bears were on top last week, with the metal trading as low as $1,205 on Thursday. That’s the closest it’s come to dipping below $1,200 since February 2017. Friday’s lower-than-expected jobs report gave gold a modest boost, but it wasn’t enough to prevent a fourth straight week of price declines. click to enlarge In times like this, it’s important to remember that, according to gold’s DNA of volatility, it’s a non-event for the metal to close up or down 1 percent at the end of each session, 2 percent for the 10-day trading period. And guess what? The S&P 500 Index has the same level of volatility. Ten days ago, gold was trading just under $1,230 an ounce, or 0.6 percent more than today. The math is sound. It’s also worth remembering that gold has traditionally had a low to negative correlation with other assets such as equities. This is why many investors over the years have used it as a portfolio diversifier. Case in point: On June 26, Facebook suffered its worst single-day decline since the company went public in 2012. Its stock plunged 19 percent, erasing some $120 billion in market capitalization—the most ever in history for a single trading session. Gold, meanwhile, held relatively steady, slipping only 0.62 percent. Curious about learning more? Explore the two main drivers of gold, the Fear Trade and Love Trade, by clicking here! All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor. By clicking the link(s) above, you will be directed to a third-party website(s). U.S. Global Investors does not endorse all information supplied by this/these website(s) and is not responsible for its/their content. The S&P 500 Index is a widely recognized capitalization-weighted index of 500 common stock prices in U.S. companies. The Bloomberg Café Con Leche Index tracks the price of a cup of coffee in the eastern portion of Venezuela’s capital city of Caracas. Diversification does not protect an investor from market risks and does not assure a profit. Holdings may change daily. Holdings are reported as of the most recent quarter-end. The following securities mentioned in the article were held by one or more accounts managed by U.S. Global Investors as of 6/30/2018: American Airlines Group Inc.
  3. The kerfuffle over what Pres.Trump may have said in recent meetings has caused stocks to fall and gold to raise. Good for Nations holding large gold reserves...such as Iraq. A golden opportunity?
  4. Gold is on track to be the best performing asset class in February, surging almost 10 percent over the month as safe haven and exchange-traded fund (ETF) flows bolster the commodity. The yellow metal is up around 9.8 percent in February so far, and is on course for its biggest monthly gain since January 2012. With a 16 percent rally in prices so far this year, it is also this year's best performing asset. Dario Pignatelli | Getty Images An employee arranges one kilogram gold bars for a photograph at the YLG Bullion International Co. headquarters in Bangkok, Thailand. Spot gold was up around 0.7 percent at $1,231 per troy ounce on Monday afternoon having hit a one-year high of $1,260 earlier this year. Holdings in exchange-traded funds have risen to the highest level in almost 17 months, gaining 3.9 tonnes to 1,682.6 tonnes on Friday, the highest level since October 2014, according to data from Investec. Demand for gold has seen the SPDR Gold Trust, the world's largest gold ETF, rise to around 762 tonnes on Friday, around a year-high. Gold moves revive memories of 1990s currency crisis "Precious metals saw very large inflows over the last month as negative rates and the prospect of a more dovish (U.S. Federal Reserve) make this zero-income safe haven asset more attractive," said strategist at UBS, Ramin Nakisa. ETF investors are not the only ones backing the precious metal, with hedge fund managers upping bullish bets on U.S. COMEX to a 12-month high, according to data released by the Commodity Future Trading Commission (CFTC) on Friday for the week ending February 23. Jenny Cosgrave Reporter, CNBC.com by Taboola
  5. Gold Is A Bargain Right Now, But No One Is Paying Attention - Rob McEwen Nov 10, 2015 Guest(s): Rob McEwen owner of McEwen Mining, a mid-tier gold and silver producer. ‘If you are in Australia, Canada, the price is going up because of the foreign exchange -- at some point, it will move in U.S. dollar terms,’ McEwen said in an interview with Kitco News on Monday. He added, ‘People should be putting a little money into gold, think of it as 80-90 percent off; you can turn gold into cash in two days, it is value.’ McEwen, the former founder and CEO of Goldcorp said one of the greatest challenges the mining industry now faces, is operating within the lower cost environment. December Comex gold was last up $0.30 at $1,088.50 an ounce. McEwen also addressed the company’s record production for the third quarter with the El Gallo Mine, which he said is the company’s, ‘star performer.’ Total output for the July-September period was 43,390 gold-equivalent ounces, an increase of 54% over the third quarter of 2014. The El Gallo mine in Mexico was robbed last April but McEwen said the company has received reimbursement for approximately 80% of the fair value of a loss. ‘You have to be a little more sensitive to the local community -- we built a new refinery and it is now according to Brinks – the state of art facility in Mexico,’ McEwen said. Kitco News, November 10, 2015. ...I sound like a broken record, but I happen to agree with him. Gold won't be this low forever.
  6. The last couple of days have been kind to gold, finally pushing up past $1,100 an ounce and holding around $1,106. Saw on CNBC a few Gold "Bears" are even buying a little on the way up. Some have called the bottom in gold as of now...I think we may see some retracing downwards a bit before it actually starts to make a decent climb towards $1,200/oz. Still buying it low while it's in discount prices. Nonetheless, nice to see it moving positive for consecutive days.
  7. If anyone is interested, EverBank is offering a MarketSafe CD that includes Gold, Silver and Copper. It only needs a minimum of $1,500 to open it and your principle investment is safe no matter if prices go up or down during the 5 year term. It's not actually owning or holding the physical metals, but not a terrible alternative to get in on the low metals prices nowadays. It has a cap of 45% profit over the 5 year term, evenly spread across the 3 metals. Just thought I'd throw this out there to anyone who wishes to diversify/invest with metals without worrying about losing your principle investment cost. Check out EverBank's website for more info and all the technical details.
  8. I would really appreciate some feed back from the members here on this article -- Your breakdown in layman's terms of what is stated and then your educated opinion - What does it all mean exactly and what "could" happen -- I know it is a lot to read - but how else are you going to ever know anything if you don't read??? Thanks in advance for those that are willing to read and comment -- UNEEK THE RESET HAS ALREADY BEGUN! Author : Bill Holter Published: January 19th, 2015 For several years there has been talk of a financial and economic “re set” coming, this is no longer speculation as the reset has already begun! The Swiss have suppressed the price of their currency, the franc, since late 2011. They pegged the franc versus the euro with a “floor” versus the euro at 1.20. After confirming this floor publicly on Monday, they abandoned it Thursday only to see the euro depreciate through the par level. What you saw on Thursday and Friday was the work of Mother Nature as the Swiss decided they would be better served by no longer battling her. The ramifications of this move by the Swiss are almost infinite when you consider the chain reactions they have now started. Several large FOREX firms including the largest retail firm in the U.S., FXCM, were rendered bankrupt overnight. Even Goldman Sachs and Citi admitted to being offside and sustained large losses. As of right now, we have no idea who “won” and who “lost”, nor do we know “how much?” We heard almost nothing from Swiss or European banks on Friday, “who what and how much?” will begin to surface this coming week. As I have written for years now, if the loser goes bankrupt, the winner does not get paid…thus turning the winner into a loser. This is a very big problem the markets ignored on Friday but will not be able to ignore as the dead bodies begin to surface. Think about this point very seriously, many investors (and firms) went to bed Wednesday evening with no stress at all on their portfolios (or their business), in just five minutes Thursday morning they were insolvent. Just FIVE MINUTES! We are only talking about “investments” here, how many other real businesses in the import and export area are now broke? Broke because they hold euros but need francs or they export from Switzerland or import to Europe and now their business model makes no sense? How is this even possible in just five minutes time? Another aspect to what and how the Swiss moved on Thursday is that of “central banks” themselves. Did the Swiss not know they were going to float the franc on Monday when they confirmed the peg publicly? Did they or did they not inform the IMF prior their actions? What about the BIS which is headquartered within their borders in Basel, surely they tipped them off? Christine LaGarde claimed in an interview with CNBC that she had no prior notice, really? If this is true then it shows the Swiss central bank has moved in an “every man for himself” type of action. It also shows the “united front” of central banks is not so “united” anymore! If Ms. LaGarde is not telling the truth and in fact the IMF did have prior knowledge, what would this mean? It would mean the central banks are finally losing control of the rig. It would also mean the central banks have distorted currencies, interest rates etc. so badly that once Mother Nature takes over, we can expect repeat performances all over the world and amongst all assets and currencies. How can I say this? I would simply ask if it is “normal” for two trading currencies to revalue 30% in five minutes or if it is not normal, what was the cause? We of course know, the cause was the actions of the ECB and SNB over these last three+ years. We have already speculated the Swiss made this move for one of two reasons. First, they may have decided the amount of euros necessary to purchase (and thus the amount of francs created) will go exponential this coming week when the ECB goes full on QE (printing). We also know that euros already make up more than half of their balance sheet. The other possibility is they know the Greek election is coming up, (the Greek banks are already experiencing bank runs) and they see the very real possibility of the Eurozone fracturing or even dissolving. Another possibility is maybe they just decided “their first loss is their best loss”? Maybe they have watched as the core of Europe has asked for their gold back and understand that “trust” amongst central bankers is waning? Maybe they simply decided to front run the obvious and necessary re set and do it on their own terms? It is very hard to say what exactly the motivation was, the important thing to understand is their action has started a re set in motion which will not be stopped! In plain English, the Swiss just yelled FIRE …while standing in the exit! I have several other questions but first I want to point out the obvious. Oil was cut in more than half in dollars over 6 months, could you say the price of oil was “re set”? How about copper? How about other foreign currencies? Could the huge moves in so many assets qualify as being “re set”? The collapse in oil and copper prices are black swans pointing to a rapidly slowing global economy. The Swiss removing their currency peg is another black swan event and in reaction to the ECB moving toward hyperinflating their currency. My biggest question now is this, what will happen when China allows their currency to float? The Swiss are one thing, China is whole different story! Think of the ramifications when it comes to trade? Another, maybe even more important question is what will happen when the Chinese “force” the price of gold and silver to trade freely? Let me explain this further. The Chinese know full well that gold IS money, otherwise they would not have spent the last several years buying almost every single ounce that came from the ground. They know it is artificially priced by New York and London. They can “float” gold in several manners. First, they can simply bust the COMEX and LBMA by bidding for and purchasing both their entire inventories within a 24 hour window. Another possibility would be to simply put out a “global bid” and state some price (much higher than current) they are willing to buy any and all gold, presto, COMEX and LBMA would be busted without them doing it directly! I recently wrote of a “Global Margin Call” where because oil and other assets, currencies, etc. have moved so rapidly, many derivatives traders have surely been thrown “offside”. This move by the Swiss is nothing different except it was done “officially”. Actually, the funny thing is they moved to suspend what they were “officially” (and artificially!) doing. The move by the Swiss has only made the global margin call that much bigger! The global re set which was already in the works is now publicly and officially happening before your very eyes. You can close your eyes or not believe this fact, it will not make it go away, nor will it insulate you financially from what is coming. To finish, and I plan to follow up maybe even tomorrow, the most important re set will be that of gold and silver prices. I say “most important” because these are the only “tools” available to you as an individual to protect your wealth. If the Swiss franc and the euro can change in value by 30% within five minutes, what do you think the revaluation of gold and silver will be when the 100 ounces of “paper metal” come looking for the real thing? At what price will the market clear? Add a zero? Two zero’s? Please understand this, when the margin call is issued worldwide, there is only one money where the call will work in reverse, precious metals. The “call” will be for real, yet non existent metal. Gold had already sniffed this margin call and re set out a couple of months ago. No matter how much paper was thrown at it, it simply stopped going down. Even while the dollar strengthened synthetically, gold went higher versus the dollar. Gold has clearly been THE best money, what do you think will happen to real metal when it turns out that 99% of the supposed global supply is proven as counterfeit? We will soon witness the greatest margin call in all of history. We will also witness the greatest transfer of wealth and re set in all of history! My only question is whether what so far has been “rolling re sets” becomes an official market/bank/finance closure and announced …or, do the markets continue to trade and force re sets in market after market. As an additional note, we have one last question to ponder which may or may not be connected. Koos Jansen put forth a “mystery guest’s” theory that the Swiss went short gold in Sept. 2011 which marked the top in gold. He asks in the following link, “did Switzerland just cover their short“? https://www.bullionstar.com/blog/koos-jansen/guest-post-i-have-a-theory-on-the-swiss-franc/ I believe there may be some credence to this theory but would go one step further. Zerohedge asks the question and speculates Japan may be the next “Switzerland” and pull the plug on Abenomics. Personally I see it a little differently, more importantly, what if the Chinese were to react to the coming QE4 by doing two things? What if China just walked away and sold their dollar holdings …and at the same time revoked their current peg of the yuan to the dollar? Will China some day ratio back their yuan with gold? I think this is likely. Would the dollar collapse 30% like the euro just did versus the franc or will the re set be much larger? Of course the next question would be “how high would gold be marked up”? An unpegging of the yuan by China would be more important and (current) system ending than nearly anything else I can imagine. For China to break their peg, the paper short positions in gold and silver would finally be exposed for what they are, counterfeits! Regards, Bill Holter BILL HOLTER, Associate Writer, Miles Franklin Precious Metal Specialists Website: www.milesfranklin.com Prior to joining Miles Franklin in 2012, Bill Holter Worked as a retail stockbroker for 23 years, including 12 as a branch manager at A.G. Edwards. Later, he left Wall Street to avoid potential liabilities related to management of paper assets. In 2006 he retired and moved to Costa Rica where he lived until 2011 when he moved back to the United States. Bill was a well-known contributor to the Gold Anti-Trust Action Committee (GATA) http://blog.milesfranklin.com/the-reset-has-already-begun
  9. 19 Of The Most Expensive Substances In The World 19. White Truffles Cost: Up to $5 per gram or $2,000 per pound What you do with it: This seasonal mushroom can be shaved over pasta, steak, eggs, and rice and infused in oil to sprinkle on almost anything. 18. Saffron Cost: $11.13 per gram or $5,040 per pound What you do with it: Saffron is a flowering plant that can be used in natural remedies for everything from depression to menstrual cycles. 17. Iranian Beluga Caviar Cost: $35 per gram or $1,000 per ounce What you do with it: Also known as "almas," these costly fish eggs are eaten cold and in small bites as an appetizer and on unsalted crackers or bread. 16. Gold Cost: $39.81 per gram What you do with it: In addition to its uses in jewelry, the ancient metal can be used for electrical conductivity and resistance to corrosion. 15. Rhodium Cost: $45 per gram or $1,270 per ounce What you do with it: Rhodium is mostly used in three-way catalytic converters to reduce a car's carbon emissions. 14. Platinum Cost: $48 per gram or $1,365 per ounce What you do with it: Platinum can be used as a catalyst in scientific experiments, worn as jewelry, and taken in anti-cancer drugs. 13. Rhino Horn Cost: $55 per gram or $25,000 per pound What you do with it: The prized tusk is rumored in Vietnam to cure cancer. Its supposed medical uses also include treating fevers and other ailments 12. Crème de la Mer Cost: $70 per gram or $2,000 an ounce What you do with it: Rub this so-called miracle cream daily to look ageless. 11. Heroin Cost: High-quality heroin can cost you up to $110 per gram What you do with it: The opiate is injected, snorted, or smoked and is meant to alter the subconscious. It can also cause convulsions or even comas. 10. Methamphetamine Cost: $120 per gram or $1,600 per ounce What you do with it: The highly addictive drug can produce euphoric effects and is often popular with teenagers. 9. Crack Cocaine Cost: Up to $600 per gram What you do with it: Some say party, others say develop a problematic habit. 8. LSD Cost: The crystal form of LSD costs about $3,000 per gram What you do with it: Popular in the 1960s, this substance is known to cause hallucinations. 7. Plutonium Cost: Roughly $4,000 per gram What you do with it: It makes things nuclear. There are two kinds of plutonium that can be used, for either military purposes or nuclear reactors. 6. Taaffeite *Cost: Anywhere between $2,500 to $20,000 per gram or $2,400 per carat What you do with it: The mauve-colored gem is thought to be more than a million times scarcer than diamonds. And while it's a bit too durable to use often in jewelry, if you're lucky enough to find one, don't let your hands off it. *FYI: A carat = 0.2 grams 5. Tritium Cost: $30,000 per gram What you do with it: Tritium is used in self-luminating EXIT signs found in theaters, schools, and office buildings. There are more than two million tritium EXIT signs in the United States. 4. Diamonds *Cost: A colorless, 1-carat can cost more than $65,000 per gram, or $13,000 per carat What you do with it: Buy engagement rings. *FYI: A carat = 0.2 grams 3. Painite *Cost: $300,000 per gram or up to $60,000 per carat What you do with it: Thought to be the rarest gem mineral, it can be used in crystal healing or just make a pretty collectible. *FYI: A carat = 0.2 grams 2. Californium 252 Cost: $27 million per gram What you do with it: The Californium isotope is used in devices that find layers of oil and water in oil wells. 1. Antimatter Cost: $100 trillion per gram What you do with it: Antimatter could possibly fuel spaceships to the planets, and maybe the stars, in the years to come. http://www.businessinsider.com/most-valuable-substances-by-weight-2014-9#19-white-truffles-1
  10. This post was very challenging in the formatting - I hope I was able to locate and fix all the glitches - links are posted though for your verification and further reading - I almost gave up on posting it - any misplaced text is not my intentional doing lol - sorry about the extra lines -- You can bypass the scripture / Bible references if you choose to - that can be a little over whelming if you dont' believe in Bible Prophesy for one & are not well versed and knowledgeable in Bible History - Please do not pass on the reading of the other info -- It is real and in the NOW -- I don't know how to advise on being financially prepared for what seems to be a strong possibility of something very serious happening - but I do have plenty of food lol - I welcome any feedback and serious financial suggestions pre & post RV -- Best of Luck to us all - If you have not watched this video -- Do so NOW: Join Greg Hunter of USAWatchdog.com as he goes One-on-One with Harvey Organ of HarveyOrgan.blogspot.com. http://usawatchdog.com/manipulation-o... Harvey Organ- By December Whole Thing Going to Collapse Preview by Yahoo SEPTEMBER 25, 2014 Here is some good information, to help you know what to expect when the switch is made to our new and governmental systems. -LW Sep 24, 2014I have written for many years that the “kings of the east” in Revelation 16:12 prophesy of China and Russia overthrowing Mystery Babylon today. John says it would take “seven bowls” of judgment-wine poured out over Babylon the city’s overthrow. Revelation 16:12 describes the sixth bowl of wine directed at Babylon, and John’s description shows us that these “kings” are comparable to the Medes and Persians, who overthrew Babylon in 537 B.C. The Medes and Persians dried up the Euphrates River in order to walk into Babylon on dry (shallow) ground. This was in Isaiah 44:27. King Belshazzar of Babylon was killed, Darius the Mede established himself as the new king. Shortly afterward, when Cyrus the Persian came to town, he issued a directive that allowed the people of Judah to return to their old land. In other words, the coming of the “kings of the east” is not a bad thing, but is the way in which God is setting His people free. Unfortunately, most modern eschatological teaching sees these “kings” as enemies of God. They speak of a 200-million man army coming from China to invade the land of Israel, instead of seeing it as an army that overthrows Babylon and sets the people free. I’m not a military man, but even I can see that if such an army began marching west from China heading toward Israel, it would take only one or two nukes to destroy them all. The advent of the nuclear age after World War II made large-scale invasions nearly impossible, because concentrated armies or fleets are so vulnerable today. A simple look at history and the prophecies of Isaiah 44, 45 show the fallacy of the belief that the kings of the east are the bad guys. King Cyrus of Persia is called a “messiah” in Isaiah 45:1, the one that God anointed to overthrow Babylon. King Darius, his chief ally from Medea, was not mentioned directly by Isaiah, but he organized the new kingdom into 120 provinces and installed Daniel as the chief of three governors. This was a type of the being organized, having an outpouring of the Spirit (120) and being ruled by the saints of the Most High (Daniel 7:22). So Revelation 16:12 speaks of the seventh bowl of divine judgment being poured out upon Babylon, and “the kings of the east” are said to do this. It is a latter-day prophecy taken directly from the of Cyrus and Darius, who overthrew Babylon. The modern nations fulfilling these roles are China and Russia. These are the nations that God has anointed to bring down Babylon in our time. They are not the bad guys. The bad guys are the ones who control the Western media, attempting to demonize Russia and China. It is a propaganda war to gain the support of as many people as possible and to justify their plans to destroy much of the world. The ten principles on the Georgia Guide Stones sets forth their agenda. The first principle is: “Maintain Humanity under 500,000,000 in perpetual balance with nature.” http://www.thegeorgiaguidestones.com/message.htm They conveniently neglect telling us how this will be accomplished. It is clear from their actions and statements that they plan to kill about 7 billion people in the name of saving the environment. They are already doing this by creating conflict and war, aborting the unborn children, and creating ill health by disease, toxic substances, and unhealthy food. This is the Babylonian agenda. Since China has the most to lose insofar as population is concerned, they are not going along with this plan of destruction. And Russia has sided with them, as have all the BRICS nations. This rising coalition is the natural enemy of Mystery Babylon. The Glaziev Directive Sergei Glaziev (or Glazyev) is one of Russian President Putin’s advisors. On June 10, 2014 he issued a statement that was of historic importance. This was reported later in an article entitled The Lost Interview, by Jeff Yastine, who is the head of the Financial Intelligence Report. (I used to watch Jeff on Nightly Business Report.) The Lost Interview is where Jeff Yastine interviewed Jim Rickards, a former CIA analyst who wrote a book entitled The Death of Money. The full interview can be read here: https://w3.newsmax.com/LP/Finance/FIR/FIR-Collapse?dkt_nbr=qeo9ocnz In this long interview, Jim Rickards tells us that after the Twin Towers demolition, the CIA noticed that the unnamed “terrorist” had placed bets that the airline stock prices would go down. Whoever did this made a lot of money when it happened. In other words, someone with a lot of money knew about the Twin Towers disaster before it happened, and they positioned themselves to make money on it. Rickards does not even give a hint to tell us who had done this, although it seems to me that all such financial transactions are recorded somewhere, and the CIA should have no problem finding out who did this. If the Twin Towers had been destroyed by the media’s scapegoats, no doubt he would have told us, for he would have no reason to hide it. Keeping it a secret, however, reveals the truth with the sounds of silence. No matter. The point is that the CIA and Pentagon began tracking financial anomalies as indicators of soon-coming “terrorist” events. Rickards said, The main purpose of the attack on 911, he says, was to kill people, but the more damaging effect was to collapse the economy. Are we to believe, then, that al-Quaeda terrorists not only planned the attacks but also bought millions of dollars worth of options on the stock market in order to profit from the collapse of airline stocks?? “The agency believed that terrorists were trading in airline stocks before the run up to the terrorist attack… “We found clear evidence that someone knew the attacks were about to happen. Without getting too technical, the terrorists were using the options markets to make big bets that airline stocks would tank.” Collapsing America By discovering the large purchase of options against the airline stocks, He says that the CIA came to understand the absolute vulnerability of Europe and America. They had “irrefutable evidence that that shows this collapse is imminent and could happen at any time.” “In fact, when the Pentagon got wind of the shocking discoveries he made while working on a top-secret project for the CIA, they quickly militarized his findings in preparation for the financial chaos to come.” He explains how America has seen three economic collapses in the past century: 1914, 1939, and 1971. Those crises came before the banks and economies of the world were tied together. He uses the metaphor of ships at sea. If one goes down in a storm, the others may survive. But if they are all tied together, and one goes down, they all go down. In other words, the next great financial crisis in any sizable nation will take down the rest of the world with it. The BRICS Alliance Turning to a more recent group of nations that is taking steps to bring down the Western banking system, He shows how the BRICS alliance (Brazil, Russia, India, China, South Africa) is positioning itself outside of the Western system and is setting up its own counterpart to the IMF in order to survive the coming collapse in finances and in trade. Rickards describes the plan as coming in TWO STEPS. “Their first step was outlined on June 10, under the Glaziev Directive. A directive that spells out the first punch that will knock the U.S. economy to the mat. And while this first hit will shake the foundation of our financial system to the core, it’s the second punch that will deal a deathblow to American wealth and everything you hold dear.” He continues later, saying, “Pen was finally put to paper on June 10, when Vladimir Putin’s economic advisor, Sergey Glaziev, published a bold directive where he outlined the rationale behind an international alliance of countries [the BRICS] that were ready to get rid of the dollar for international trade and also to stop using it as their reserve currency. “And taking it one step further, Elvira Nabiullina, the governor of the Russian central bank, recently stated that Russia is in discussions with China and their BRICS partners regarding the establishment of a new system for multilateral trade. “It will allow the transfer of resources from one country to another, as needed, so each member can start directing their currency reserves away from the dollar and to the new system.” In other words, the BRICS nations will trade among themselves using their own currencies, instead of using the US dollar to pay each other when goods are traded. This shift began after 911 and is a direct consequence of 911. He forgets to mention that the BRICS nations have every right to set up their own system, especially since the past system put an economic strangle hold on everyone else while refusing to exercise proper fiscal responsibility. In other words, the old system was broken and needed replacement. The Consequences of 911 In the 1920’s and 1930’s they (and many nations) sent gold to the Federal Reserve Bank for safe-keeping, knowing that there was soon coming a war with Japan. These gold shipments were not gifts, but loans, and so they received interest-bearing receipts for them. These bonds for the gold-loans came due at various times, but perhaps the most important were the 60-year loans in 1938 that came due in 1998. When the Fed bankers balked at paying back the loans, the Dragon families sued them in the World Court, winning their case. The Federal Reserve Bank was given a deadline to pay their debt by September 12, 2001. The day before the debt was to be paid, all the records were lost in the Twin Towers demolition. The records were held in the offices of the Cantor Fitzgerald law firm, which one of the planes hit directly, killing their entire staff and destroying all their records. The gold under the Tower was secretly stolen and shipped away to a more secure, secret location, probably in Paraguay. There is little doubt that the same people who had purchased the “put options” against the airline stocks were the same ones who had refused to pay their debts to the Dragon family. The Dragon family then experienced a “reality check,” seeing clearly that these bankers had no respect for the law. They were ruthless and were willing to kill thousands of their own people (Americans) and even to start a world war rather than pay their debt or give up power.A new approach was needed, one that was slower. The BRICS Alliance The foreign ministers began meeting in 2006, and a full-scale diplomatic meeting was held in Russia in 2008. It started out with just four nations (BRIC), but when South Africa joined them in 2010, it became the BRICS alliance. On July 15, 2014 they set up the BRICS Development Bank as an alternative to the IMF. This came 70 years after the US Dollar had been crowned king at the Bretton Woods Convention in July 1944. The Glaziev Directive on June 10 stated the official policy for the BRICS nations. Rickards says this Directive reveals a two-step policy to success in establishing the alternate economic system. Its success, of course, will have a side effect of destroying the old system. Rickards of this, “This is step one in a coordinated effort to unseat the U.S. dollar as the world’s reserve currency. But what’s even worse is step two. Through my market intelligence sources, we now see that the major governments, including the United States, the Eurozone, and China are allowing a covert redistribution of gold so the entire system can be reset—a preplanned, global reset of the value of money… “It’s conspiratorial in that the governments involved don’t want others to know what they’re doing. In truth, it’s just a pragmatic way to stabilize the monetary system globally, and prepare the major parties for a global reset of the value of money. A reset that will save the system, but unfortunately, as I mentioned earlier, millions of people are going to have everything they own virtually wiped out overnight.” Rickards seems to admit here that this new BRICS plan is designed to “save the system,” not that it will save the old Bretton Woods plan, but that it will set forth a new plan that will save the world from the collapse of fiat currencies and world trade in general. We see, then, that the second step will be the actual Global Currency Reset, which I have written about for some years now. China’s accumulation of gold has been a very poorly kept secret. I am not sure why Rickards thinks it is a secret. His point is that those who are holding paper currency and paper contracts when this Reset hits are going to find that their money has lost most of its value. Only those who are holding tangible assets (such as gold or silver) will benefit by this Reset. Those who have the most to lose are those with retirement funds or money in the bank or currency under the mattress. Such currency used to be “as good as gold,” until 1971 when President Nixon made it “as good as the faith and credit of the United States.” However, since that time, with the astronomical amounts of new money being created out of nothing, that “faith and credit” has been severely eroded, and many nations are now very nervous about holding US dollars. All it will take is for one nation to scream “Fire!” for the whole world to start bolting toward the door to get out of US dollars. That will be the end of Babylonian world history. The power of Babylon is bound up in the value and quantity of its money. Rickards’ Perspective In reading this interview, it is clear that Jim Rickards is coming from the perspective that US hegemony (dominance) in the world is the preferred world order. In his view, what the BRICS alliance is doing is “bad.” He has been working against the BRICS alliance in the CIA, hoping to slow down the demise of the US dollar. But in a broader view, every country ought to be as “sovereign” as they claim to be in public. Nations should not be forced (or bribed) into any policy that is detrimental to its own well-being. However, we have to live in “the real world,” where national sovereignty is a myth for most nations. Hegemony is the reality. Wars are really just turf wars fought by gangs of nations seeking more power and dominance. The people (and individual soldiers) are the greatest victims. After World War II, much of the world lay devastated, while the US came out relatively unscathed. That is why the US dollar was crowned king in 1944. That is how US hegemony became entrenched. But the world has now rebuilt itself, and new nations are emerging with strong economies and militaries. US hegemony is being challenged. The BRICS alliance has banded together to challenge that hegemony and to form a new economic alliance without being tethered to its former master—the US dollar. Those nations have every right to buy as much gold as they wish. And here is where it appears as if the US and China have a common goal. In order for the US to maintain the value of its dollar, it must manipulate the value of gold lower and lower, because all value is relative. A low gold price means a high value for the dollar. At the same time, China is buying gold at those low, low bargain prices, because the new system that is coming will see money that is backed by real assets such as gold. In other words, the manipulation going on in the West by the price-fixing banks is playing into the hands of the BRICS nations, especially to China and India. The longer this goes on, the more gold they will accumulate, and the better off they will be when the Reset occurs. Conversely, the US will be caught without any gold at all. Few people in the know believe that the US government really holds 8,000 tons of gold, as it claims to have. It cannot even find enough gold in its coffers to give back what they have been storing for Germany when that nation recently demanded its 300 tons of gold. Again, in the 1990’s when China bought gold from the West, it discovered that the gold was really just gold-plated tungsten. They traced it to Fort Knox, where the gold was counterfeited. The story hit the internet news in 2009. Jim Rickards does not speak from a biblical perspective. He is trying to save the old way of life in America for as long as possible. I can appreciate that, of course, but to me it is more important to find out what God is doing in the History of the Kingdom. Just because we have a high standard of living in our Babylonian captivity does not mean that it will last forever. At some point Babylon’s foundations will erode and collapse. The Judahites in Babylon did not want to leave either. After 70 years, most of them were well entrenched in Babylonian life and business, and did not want to endure the trials of recolonizing their old land. That is why so few returned with Zerubbabel. A similar situation exists today. Babylon has made America wealthy, largely due to the world trade tax that is imposed upon every nation that does international trade. Because the US dollar is used for making payments in world trade, the wire transfers have to be made in US dollars through the SWIFT system of money transfers. All such payments go through the Federal Reserve Bank, which takes a percentage of the transaction as a fee. This is, in effect, a tax on all world trade. The BRICS nations are setting up a new system of payments through their own bank which bypasses the SWIFT system and the Federal Reserve. Payments are being done in each country’s own currency for the present, but soon will create its own world reserve currency made up of a basket of currencies. In other words, world trade going through the BRICS bank will be settled in about four specific currencies, rather than the single US dollar. Jim Rickards concedes that because of this the US dollar is doomed. So when can we expect this global reset to happen? Rickards does not give a date, but he says essentially that it will happen when China feels it has accumulated enough gold to secure its yuan (currency) as part of the “basket of currencies” that will replace the US dollar. He says, Jeff: And when you think about it, it’s almost as if there’s no way out of this…. Jim: You’re right. And it is just more fuel for the fire as global players look to distance themselves from using the dollar as the world’s reserve currency. And while America is loath to lose its position as the world’s reserve currency, our astronomical money printing to cover our debt makes it impossible to sustain. Basically, we’ve overstepped our monetary bounds for good, and there is no turning back… I’ve had private conversations with former Federal Reserve board members, and other central bankers around the globe, on what’s going on behind the scenes—what’s not getting reported in the mainstream media—and frankly, everything I’m hearing is that this global reset is about to hit. In fact, we already know what it looks like, and when you can expect it to happen. So when can we expect this global reset to happen? Rickards does not give a date, but he says essentially that it will happen when China feels it has accumulated enough gold to secure its yuan (currency) as part of the “basket of currencies” that will replace the US dollar. He says, “And while countries publicly claim that they no longer tie their currency to the value of gold, what they are doing privately is a different story. . And China is the biggest actor in covert gold acquisition…. And since it knows the ‘dollar’ system is coming to an end,it has to increase its gold holdings before it can trigger a global reset of the world’s [new] reserve currency.” But since China’s official figures do not match their actual holdings, we are on our own in figuring out how much they really have, and how much they need to have before the reset. Jim says, Jim: China’s last official announcement was over five years ago on April 25, 2009. At that time, it claimed to have 1,054 tonnes. That’s a 76% increase from the 600 tonnes it had in 2003. Right now, Shanghai Daily has reported that China has quietly amassed about 2,710 tonnes of gold. Jeff: That’s an unofficial number. Jim: Yes, that’s an unofficial number. But you and I both know that China controls its media. So it is letting it be known that it is accumulating more gold, but it is not letting the public know exactly how much. But from what I have gathered from trusted sources, the Chinese actually have amassed around 4,000 to 4,500 tonnes of gold already. Jeff: Wow, that’s a massive difference. Jim: It is. And when Chinese gold hits around $5,000 an ounce, all bets are off. It will be the second punch that will deal a deathblow to the dollar. And set off the wholesale destruction of American wealth. The bottom line is that China is being allowed to acquire gold without spooking the markets and driving up the price. This way, it will be “on the train” when it leaves the station. The only problem is that when the train leaves the station and the global reset triggers a new reserve currency, nearly all American wealth will be wiped out, except for those who have prepared themselves in advance… One last thing, Jeff. Our viewers should know that China could announce its holdings at any time. So they shouldn’t wait to get their financial house in order. The time to act is now. Before it’s too late…. Jeff: From what you’ve seen today, we are beyond the point of no return, as China prepares to announce its official gold holdings at any time. And when it does, there will be no time left to prepare yourself for the devastation ahead. And to think our government is helping China do it. By suppressing the price of gold, under the guise of weakening its function as a reserve currency, China is able to covertly acquire as much gold as it will need to trigger the death of money as you know it. So the bottom line here—as they see it—is that China is holding about 4,500 tons (tonnes) of gold right now. They suggest that their goal is to accumulate about 5,000 tons before announcing the global currency reset. When they make this announcement, investors will realize that the current price is totally unrealistic in view of all the secret purchases going on in the past few years. This will make it impossible to rig the price of gold any longer, and it will shoot up almost immediately to at least $5,000 per ounce. At that price, it will be able to back the new basket of currencies that the BRICS nations are putting together to replace the US dollar as the world currency for the next century or longer. Meanwhile, the US has no defense against what is coming, unless it is able to start World War III and destroy the BRICS nations (beginning with Russia). The price-riggers have no choice but to keep the price of gold and silver low, because that is the only way the dollar can retain its value. But rigging the market to keep the price of gold low allows China and India to buy gold cheaply with all the dollars they hold in their reserves. When things change, those nations holding gold and silver will emerge as the strongest in the world. The others will suffer loss. For us, it is important to see that China is playing the role of modern Cyrus, while Russia is playing the “front man” role of Darius. Hence, Russia taking all the heat, while China remains quiet while backing Russia to the hilt from behind the scenes. As believers who understand Bible prophecy, we have no reason to fear either Russia or China. God has raised them up to overthrow Babylon and to set us free. Jim Rikards is sounding the alarm in order to sell more books, of course, but we can look at the facts without fear. The fact is, the Dragon families of China are emerging as the real power brokers in China and the BRICS alliance. They were overthrown in 1910 when the last dynasty was overthrown and the Republic of China was established, and have been in hiding since 1949, when the Communists took power. These Dragon families have made it known that they intend to minimize the chaos as much as possible on account of the global reset. The destruction and chaos could be greatly minimized if the Babylonian oligarchs of the West would simply capitulate and give up power. For example, if the US congress would agree to ratify the new IMF reforms—as the rest of the world has already done—this transfer of power could be more amicable. But the Western oligarchs have chosen to foment war and to sponsor terrorism in order to cause chaos in hopes of extending their dominance for a little while longer. This is the primary reason the transition will cause pain to so many people. We can hardly expect anything else from these people, and for this reason we should prepare ourselves to the best of our ability. As for the Dragon families, they intend to use their enormous wealth for the benefit of mankind to rebuild the world under Divine Order—as they understand it. In my view, I suspect that they will need further divine counsel through a study of God’s law in order to perfect what they are setting up. Their main concern now is in the economic and financial realm. Once this is established, they will see the need to change the judicial systems of the world. They will need instructors to teach the laws set forth by Moses, the applications of law by the prophets, and Jesus’ New Covenant understanding of the law seen in the gospels. Source. Source: http://2012thebigpicture.wordpress.com/2014/09/25/recommended-the-soon-coming-global-reset/
  11. China: Shopping Centre Paves Walk With Gold Bars The streets have been paved with gold at a shopping centre in China where a walkway has been built using real 24-carat bars. The walk at the indoor precinct in Yichang, in Hubei province, consists of 606 shiny yellow bricks, worth $32m (£20m) in total, the Chinanews.com website reports. The bricks weigh 1kg (2.2lb) each, and are covered with a glass pane. The lavish attraction was created to celebrate the shopping centre's 18th anniversary - and to attract customers during the upcoming "Golden Week" national holiday, after which it'll be dismantled. Shoppers have been eager to use the walkway, as it's apparently believed in China that walking on gold brings luck, according to the Shanghaiist blog. Golden Week starts on 1 October - the day the People's Republic of China was founded in 1949 - and lasts until 7 October. It's a popular time for Chinese people to travel, usually to visit relatives in other parts of the country. Completed two days ago in a shopping mall in Yichang, Hubei, the golden walkway is comprised of 606 gold bricks and weighs in at approximately 606 kilograms. The expensive walkway was built in celebration of the shopping mall's 18th anniversary and as a publicity stunt to attract shoppers during the upcoming Golden Week. By Lucy Wang http://www.infowars.com/china-shopping-centre-paves-walk-with-gold-bars/ Hubei shopping mall paves walkway with gold bricks worth over 200 million RMB! Forget what you've heard about the streets of Heaven, a shopping mall in Hubei has built a walkway with over 200 million RMB worth of gold bricks and Chinese shoppers are tripping over themselves to walk over the pricey real estate! Estimated to cost over 200 million RMB, the golden walkway is said to be the most expensive tourist attraction in the history of that region. Shoppers are encouraged to walk across the golden walkway. Common belief has it that walking on gold is an auspicious activity that will bring great luck and fortune. The shopping mall is expected to disassemble the golden walkway at the conclusion of Golden Week. http://shanghaiist.com/2014/09/22/hubei_shopping_mall_paves_walkway_w.php
  12. Published on Sep 9, 2014 Harvey Organ at Harveyorgan.blogspot.com says the world is running out of physical gold and silver needed to suppress prices. Organ says when China and Russia disclose the true amount of gold they hold, there will be a price spike never before seen in the history of the world. Organ says, “You will see that you will go to sleep at night, and you will wake up the next morning and see gold bidding at $3,000 per ounce, and there will be no offer, and it will rise by $500 a day. It will come in 2014. They are running out, they don’t have it.” The supplies for silver are even more strained and suppressed according to Organ. He says, “Silver is similar to what is going on in gold, but even better. In China, on September 22, they are going to have a futures market similar to Comex, but it will be in physical metal. You settle in physical metal. So, for the first time, you are going to see the pure price discovery mechanism work, and it’s going to be in total conflict to the crimes that are being committed on the Comex. Organ thinks silver will trade at “$200 per ounce” and says, “By December, this whole thing is going to collapse.” Join Greg Hunter of USAWatchdog.com as he goes One-on-One with Harvey Organ of HarveyOrgan.blogspot.com. http://usawatchdog.com/manipulation-o...
  13. Opinion: Gold Crashes And Is Now Tarnished For Good Published: Sept 22, 2014 6:00 a.m. ET By Jeff Reeves Gold shined brightly at the beginning of 2014, with bullion prices jumping by about 13% from New Year’s Day until mid-March. But since spring, and particularly since July, gold prices have been on the decline. Last week, the precious metal settled near lows not seen since Christmas 2013. So should investors consider this sell-off as an opportunity to buy precious metals on the cheap? Or is gold really tarnished for some time to come? Sadly for gold bugs, it’s the latter. There’s always a big argument for gold as the only alternative amid overpriced stocks, a weak U.S. recovery and a fragile dollar that will collapse at any time. If you want to make those arguments in the face of the facts, feel free to scroll down to the comments section and make fun of my receding hairline. But for those interested in reality, it’s important to note how much those arguments have missed the mark over the past few years and how they ignore recent data to the contrary. The stock market, U.S. economy and the dollar are all doing quite well. Judging by recent data, all three look like they will improve. Here’s why I wouldn’t expect gold to rebound anytime soon, and why the outlook for this precious metal is quite tarnished: The dollar is strong: The U.S. Federal Reserve has been telegraphing its moves for some time, and last week reiterated that October will bring about the end of its bond-buying program and that key interest rates will almost certainly rise in 2015. Higher interest rates will only bolster the U.S. dollar further. And thanks to the inverse relationship between our currency and the pricing of dollar-backed commodities, a stronger dollar means gold prices will fall. After all, a big reason for gold’s trouble in recent months has been a strengthening greenback. After the Fed news, the dollar is now at a 14-month high vs. other major currencies. This will continue to put downward pressure on gold prices. It’s not just our central bank fueling this trend, either. The European Central Bank, for instance, unexpectedly just cut rates and announced a stimulus plan despite opposition from Germany. Similarly, Japan has been maintaining loose policies to weaken its currency and drive up inflation. As other central banks weaken their currencies, the dollar gets an added boost there as well. Now, I know there are gold bugs who like to talk about the death of the dollar. But with other central banks actively debasing their currency and America on the cusp of tightening monetary policy, well, I simply don’t see how we can expect anything but a strong dollar for some time. An improving economy is diminishing safe-haven demand A strong dollar adds up to weakness for gold, so this is a big hurdle to get over that can’t be ignored. “Risk on” sentiment: You can shout all you want about how the Federal Reserve has destroyed capitalism for good, or how being the best among a group of doomed currencies is not a vote of confidence for the dollar. But even if you want to ignore the relative strength of the greenback, it’s getting increasingly harder to ignore the strength of the U.S. economy. There’s a 6.1% unemployment rate, which is down nearly 4 percentage points from peak levels and the lowest since September 2008. At the same time, claims for unemployment just hit the lowest level since early 2007. If you think that is all because of people giving up on work, that’s willfully naïve. Corporate profits also look robust. According to research firm FactSet, the estimated earnings growth rate for the third quarter is 6.2%, with most analysts predicting double-digit growth in the fourth quarter as the economy continues to bounce back from a sluggish summer. And for calendar 2013, S&P 500 member companies saw earnings grow about 6%. There are clearly real profits being made by publicly traded companies right now, justifying investors who are paying a premium for future growth. There’s tons of other data that indicates the U.S. economy and corporate profits continue to improve. So why would investors flee stocks or other “risk on” investments to hide out in gold? Sentiment just isn’t in favor of safe-haven investments like gold right now. Global demand slumps: Looking beyond U.S. borders, global demand also is bleak for gold. China, which overtook India as the largest gold-buying nation last year, has recently seen demand for the precious metal slump sharply. But according to reports, that buying frenzy of 2013 has evaporated as demand has largely been met; China’s gold-jewelry fabrication was down 22% in the first half of the year. And while India did see a bump in gold demand and gold prices about a month ago thanks to religious festivals, the Wall Street Journal noted that “sales in the rest of the world are sluggish despite a number of geopolitical risks that normally increase demand for the safe-haven metal.” On the whole, the World Gold Council announced that global gold demand was off 16% in the second quarter, with total bar and coin demand down a staggering 56%. If you think that seasonal jewelry demand around the Chinese New Year is going to make up for this broader downtrend, go ahead and buy gold. But given the severity of demand pressures and the widespread nature of the declines, it’s very unlikely that global gold buying will snap back anytime soon. Jeff Reeves is the editor of InvestorPlace.com http://www.marketwatch.com/story/gold-crashes-and-is-now-tarnished-for-good-2014-09-22?page=2
  14. Top News London Metal Exchange opens clearing house, to add China currency Mon, Sep 22 14:05 PM EDT By Eric Onstad LONDON (Reuters) - The London Metal Exchange (LME) on Monday launched its new clearing house, which plans to add the Chinese currency as collateral by year's end to lure more business from the world's top metals consuming nation. The launch of LME Clear is a key step by LME owner Hong Kong Exchanges and Clearing Ltd (HKEx) to generate profits after paying $2.2 billion to buy the LME in December 2012, a price which many analysts regarded as very high. The 137-year-old LME set out to build its own clearing house three years ago to take over from LCH.Clearnet, allowing it to collect fees not only for transactions on the exchange, but for clearing them. Over 2 million existing LME positions were transferred over the weekend from LCH.Clearnet to LME Clear. The LME, the world's oldest and largest market for industrial metals such as copper and aluminum, declined to say how much cash the clearing house would bring in. But Jefferies said in a note in July that the new venture would add about $80 million a year in revenue. Revenue from HKEx's commodities business, which includes the LME, rose to HK$645 million in the first half from HK$608 million a year earlier, HKEx said in August. Expansion in China, which accounts for 40 percent of global copper demand, is another key LME strategy, so LME Clear is moving quickly to allow clients to use the renminbi as collateral, LME Clear Chief Executive Trevor Spanner said. "We definitely know there's latent demand for renminbi," he told Reuters. "As more Asian-based members join the LME and LME Clear, they'll be looking to make use of that renminbi facility. We plan to get that up and running in November, subject to the Bank of England's approval." LME Clear is also looking into extending its opening hours into Asian hours, he added. The LME's electronic trading platform is open from 1am to 7pm London time while LME Clear operates from 7:30am to 8pm London time. "This morning, we had over 20,000 trades in the queue, which we processed in about 10 minutes," Spanner said. Adding new products is another way HKEx plans to make money, which will be easier by having its own clearing house and being able to plan specifications for both trading and clearing. The LME has said it plans to launch a new aluminum premium contract in the second quarter of next year and steel rebar and scrap contracts further in the future. LME Clear will also be in a good position to clear over the counter (OTC) products due to the complex structure of LME futures with daily prompt dates. Regulators are keen to shift OTC clearing to established venues to promote transparency. "There's a lot of activity which is not on exchange at the moment. People are interested in clearing solutions for OTC business," Spanner said. The new clearing house also plans to expand types of collateral to include warehouse warrants, ownership documents for metals stored in LME warehouses. Currently, cash and bonds are the only collateral allowed, but since LME contracts are physically settled, LME members requested the addition. (Editing by Michael Urquhart) http://mobile.reuters.com/article/idUSKCN0HH1BR20140922
  15. I've been really excited lately about the news that the CBI has been significantly adding to their gold reserves. But, as I think about it, I'm not sure it's a good thing. Here is my question: If the CBI knew a revalue was coming, why would they buy gold today? Why wouldn't they wait and buy it after the dinar revalued and was worth much more? With a revalued dinar, they could get a whole lot more gold for the same amount of "money". Think about that for a minute. If they knew a revalue was coming, why would they buy anything now? Why not wait until their buying power had revalued higher? And, it doesn't matter whether they bought the gold with US dollars, Euros, or the Dinar. Either way, they are essentially buying it with dinar. If they bought the gold with Euros, then they had to sell dinar to get the euros, so it is really all the same. They bought the gold with dinar that is currently worth very little. Why would they do that if they knew a RV was coming? That question is making me fell a little sick - I have lots of dinar and I'm going to keep it. But, that thought kind of takes my hope away. Here is an analogy: If you owned some shares of Apple's stock, and you KNEW Apple's stock was for sure going to go up by 10,000% really soon, would you sell the stock today and buy gold? No way. You'd wait until the stock went up 10,000% and then sell it for a ton more cash ... which you could used to buy a whole lot more gold. I believe the CBI knows if the dinar is going to revalue or not. If they know, why would they buy gold today? Why? It makes no sense to me unless they know it is not going to RV. I hope someone can logically tell me why I'm wrong. I'm not trying to be negative. I'm just trying to assess the facts and figure out what it all means. Thanks.
  16. Gold prices are stabilizing here, says CPM Group analyst Rohit Savant... ROHIT SAVANT is chief commodity analyst at CPM Group, the New York-based precious metals and commodities consultancy. Here he tells Mike Norman at HardAssetsInvestor how he sees gold prices consolidating now and rising later in 2014. Hard Assets Investor: Looking at gold prices, are we locked into this trading range now for a while? Rohit Savant: We expect prices to sort of consolidate around $1300 over the second and third quarter. Then potentially rise as we head into the fourth quarter and through 2015. We think there was a lot of optimism toward gold in the first quarter. Because I think 2014 started with a lot of optimism about the global economy and things being in extremely good shape. They probably weren't in as good shape as the markets were making it out to be. Markets overreact on either side. So they jumped out of equities and moved into gold, pushing gold prices up, which brought in a lot of short-term investors. Another thing, prices come back down again. So we think basically in the next couple of quarters, you'll probably see a sort of sideways movement in gold prices before they go up again. HAI: So the gold price responds positively to weakness in the economy? Because most people look at it as an inflation hedge. Rohit Savant: Right. Inflation is definitely something that has helped gold prices. But I don't think inflation is an issue any time in the next two or three years, at least, if not more. And so buying it as an inflation hedge, I think the market's kind of priced in the potential for inflation back in late 2010 and 2011, and now they're kind of backing off from that. HAI: So sort of built into your scenario is a view that we're going to see a slowdown in economic activity globally? Rohit Savant: It's not really a slowdown in economic activity. I think what we're going to see, in terms of the global economy, is just muddling through. Muddling through for the next several years. No real strong growth. And there's still a lot of structural problems with the global economy. You still have huge government deficits, trade imbalances. And these things take a lot of time to get results. I think investors know that. You're probably going to see value investors campaigning to add to their gold holdings every time prices come off, which is why we don't expect gold prices to collapse, we think consolidated to a relatively high level. It's the shorter-term investors who really can push gold prices up strongly. I think when they see that gold prices have consolidated, they've reached close to the bottom, you might start seeing them come back into the market. HAI: We've seen lots of demand in recent years from China, India and central banks such as Russia. Are those factors still there, or have they curtailed their buying? Rohit Savant: Physical buying by China and India would continue, we think. China would continue to buy gold in large volumes, at least this year. The rate of growth, we think, would be much slower than what we've seen in the past couple of years. But they would continue to buy gold. There is a possibility that maybe a couple of years out, you might not see this kind of strong growth out of China. You might even see a decline. It's typical of any market to show weakness. And that could potentially hurt gold prices, because a lot of investment demand in the West is based on this strong Chinese demand. But in the short to medium term, we think Chinese would continue buying slower growth rate than before. HAI: We've seen the RMB drop to about a 14-month low against the Dollar. Is this decline in the Chinese currency a factor, in any way, in demand for gold? Rohit Savant: I guess, to some extent, the currency definitely plays a role in demand for gold, a weakening of domestic currency would typically increase the cost of imports into the country. So that would, to some extent, hurt demand. But that said, I think, in the case of China, be less of an issue than, say, in the case of India, where the currency has been hit a lot more strongly. HAI: It's coming back though... Rohit Savant: It's coming back. But it was badly handled. It's still off quite a bit. But it has improved. So in the case of a country like India, that probably pays a much, much larger role. For example, you saw imports in Turkey during the first two months of this year literally collapse compared to, if I'm not wrong, I think they were off by about 75%. So there was like a strong decline in imports from Turkey, which is also a major consumer of gold, and doesn't get as much attention because of this weakness in currency. HAI: As emerging economies modernize, as their monetary systems become more mature, do you think we'll start to see some pullback in gold demand from these places? Rohit Savant: I think in the case of countries like China and India, yes, you might see an increase in demand for paper assets as those economies become more developed. But I also think it's culturally engrained for people in these countries to buy and hold at least some amount of gold. And that's an extremely huge rule of populations in both these countries, where at least they're not going to have access or advisors to give them advice to invest in paper assets. So in most of these cases, what they tend to do is convert their savings into gold. That's what you're seeing, even today. Most of the gold buying comes out of the ruling leaders in these countries. HAI: How does the mining situation look? Rohit Savant: Mine supply actually grew last year. It's growing this year, which comes as a surprise to some people, because prices have come off. Typically, mine supply does not get affected immediately. It usually takes a few years before mine supply starts getting affected. So we have mine supply growing this year as well as next. A lot of new projects came on-stream in the past couple of years. Those projects are going to be ramping up. So mine supply's in good shape. It's secondary supply [aka scrap gold] which is a lot more price-sensitive. We have that coming off. It came off about 17% last year. Would have been much stronger if it weren't for India, where India, secondary supply grew, because the import restrictions used the available supply. And so that was being met by secondary supply. We continue to see a secondary supply decline this year as well. And maybe over the next couple of years, it sort of stabilizes. HAI: All right. Rohit, thanks very much.
  17. (Press release) for the purpose of diversification means savings to the public and to provide large quantities of gold from the origins of sober sold to dealers in gold, investors and segments of society, wishing that the Iraqi dinar has decided the Board of Directors and in consultation with the Committee on Economic Affairs seeks a variety of alloys of pure gold 23/01/201 http://www.cbi.iq/?pid=Home〈=ar
  18. The crash is proven once the Dow meets Gold... probably about 5,000 Dow = $5,000 gold Comments welcome
  19. Gold currently sitting at $1,335.50 per Oz thats a jump of almost $40 today alone. I just hope we've seen the bottom and this is where it turns around ...... chart below http://www.kitco.com/charts/livegold.html
  20. http://www.zerohedge.com/news/2013-06-11/wmreuters-busted-latest-market-rigging-and-collusion-scandal-foreign-exchange WM/Reuters Busted In Latest Market Rigging And Collusion Scandal: Foreign Exchange Submitted by Tyler Durden on 06/11/2013 19:41 -040 First it was the conspiracy theory that Li(e)bor traders were manipulating the entire rates market which a year ago became conspiracy fact. Then it was commodities with an emphasis on the energy market (but not gold - gold is never, ever manipulated) with even such luminaries as JPMorgan's Blythe Masters, subsequently implicated. And moments ago, via Bloomberg, to absolutely nobody's surprise, we learn that that final market which so far had not been exposed as the "wild west" of manipulators, the FX market, is part of the conspiracy "fact" too. According to Bloomberg, "employees have been front-running client orders and rigging WM/Reuters rates by pushing through trades before and during the 60-second windows when the benchmarks are set, said the current and former traders, who requested anonymity because the practice is controversial. Dealers colluded with counterparts to boost chances of moving the rates, said two of the people, who worked in the industry for a total of more than 20 years." The specifics should be well-known to those who have followed all other "fixing" scandals to date, because for the most part they are identical, just cover a different asset class: The behavior occurred daily in the spot foreign-exchange market and has been going on for at least a decade, affecting the value of funds and derivatives, the two traders said. The Financial Conduct Authority, Britain’s markets supervisor, is considering opening a probe into potential manipulation of the rates, according to a person briefed on the matter. “The FX market is like the Wild West,” said James McGeehan, who spent 12 years at banks before co-founding Framingham, Massachusetts-based FX Transparency LLC, which advises companies on foreign-exchange trading, in 2009. “It’s buyer beware.” The $4.7-trillion-a-day currency market, the biggest in the financial system, is one of the least regulated. Now we know why, and it's not only because this is the primary venue where the central banks of the world try to outsmart and outtrade each other in the New Normal. How is WM/Reuters implicated? The WM/Reuters rates are used by fund managers to compute the day-to-day value of their holdings and by index providers such as FTSE Group and MSCI Inc. that track stocks and bonds in multiple countries. While the rates aren’t followed by most investors, even small movements can affect the value of what Morningstar Inc. (MORN) estimates is $3.6 trillion in funds including pension and savings accounts that track global indexes. One of Europe’s largest money managers has complained about possible manipulation to British regulators within the past 12 months, according to a person with knowledge of the matter who asked that neither he nor the firm be identified because he wasn’t authorized to speak publicly. The WM/Reuters rates data are collected and distributed by World Markets Co., a unit of Boston-based State Street Corp., and Thomson Reuters Corp. Reading through the article one can't help but feel a modest smugness by Bloomberg which in the past month had been repeatedly slighted by Reuters due to the infamous Bloomberg "surveillance" scandal, which promptly faded following the news that the government was doing just that to, well, everyone. Bloomberg LP, the parent company of Bloomberg News, competes with New York-based Thomson Reuters in providing news and information, as well as currency-trading systems and pricing data. Bloomberg LP also distributes the WM/Reuters rates on Bloomberg terminals. As for the details, think Libor setting and fixing. Only in FX: Introduced in 1994, the WM/Reuters rates provide standardized benchmarks allowing fund managers to value holdings and assess performance. The rates also are used in forwards and other contracts that require an exchange rate at settlement. “The price mechanism is the anchor of our entire economic system,” said Tom Kirchmaier, a fellow in the financial-markets group at the London School of Economics. “Any rigging of the price mechanism leads to a misallocation of capital and is extremely costly to society.” The rates are published hourly for 160 currencies and half-hourly for 21 of them. For the 21 -- major currencies from the British pound to the South African rand -- the benchmarks are the median of all trades in a minute-long period starting 30 seconds before the beginning of each half-hour. If there aren’t enough transactions between a pair of currencies during the reference period, the rate is based on the median of traders’ orders, which are offers to sell or bids to buy. Rates for the other, less-widely traded currencies are calculated using quotes during a two-minute window. And since it is a very rapid and largely liquid market, everyone waits until the last minute: As market-makers, banks execute orders to buy and sell for clients as well as trade on their own accounts. Companies and asset managers typically ask banks to buy or sell currencies at a specified WM/Reuters fix later in the day, most commonly the 4 p.m. London close. That arrangement is open to abuse, as it gives traders a window in which they can adjust their own positions and try to move the benchmark to boost their profit, three of the dealers said. Customers often wait until the hour before the 4 p.m. close to place large orders to minimize the opportunity for banks to trade against them, one investor and a trader said. Index funds, which track baskets of securities from around the world each day, are particularly vulnerable because they need to place hundreds of foreign-exchange trades with banks using WM/Reuters rates, according to two money managers. The funds buy securities to match their holdings to the indexes they are required to track. The issue is most acute at the end of the month, when index-tracker funds invest new money from clients. Specifically, the "manipulated" trades occur using such tried and true methods as banging the close. End result: massive profits on a daily basis for dealers. By concentrating orders in the moments before and during the 60-second window, traders can push the rate up or down, a process known as “banging the close,” four dealers said. Three said that when they received a large order they would adjust their own positions knowing that their client’s trade could move the market. If they didn’t do so, they said, they risked losing money for their banks. One trader with more than a decade of experience said that if he received an order at 3:30 p.m. to sell 1 billion euros ($1.3 billion) in exchange for Swiss francs at the 4 p.m. fix, he would have two objectives: to sell his own euros at the highest price and also to move the rate lower so that at 4 p.m. he could buy the currency from his client at a lower price. He would profit from the difference between the reference rate and the higher price at which he sold his own euros, he said. A move in the benchmark of 2 basis points, or 0.02 percent, would be worth 200,000 francs ($216,000), he said. It's a small, manipulative club, and you're not in it. Also, the club meets every day for about 60 seconds and then promptly disperses. To maximize profit, dealers would buy or sell client orders in installments during the 60-second window to exert the most pressure possible on the published rate, three traders said. Because the benchmark is based on the median of transactions during the period, placing a number of smaller trades could have a greater impact than one big deal, one dealer said. Traders would share details of orders with brokers and counterparts at banks through instant messages to align their strategies, two of them said. They also would seek to glean information about impending trades to improve their chances of getting the desired move in the benchmark, they said. The tactic is most effective with less-widely traded currencies, the traders said. It could still backfire if another dealer with a larger position bets in the other direction or if market-moving news breaks during the 60-second window, one of them said So there you have it - the next Li(e)bor scandal: Bloomberg News contacted foreign-exchange traders and investors after some market participants expressed concern that the WM/Reuters rates were vulnerable to manipulation. The traders and investors said they expected their market would be the next to be scrutinized. And the punchline: it is all self-policed. Brilliant - a bunch of sociopaths promising to do the "right thing" While U.K. regulators require dealers to act with integrity and avoid conflicts, there are no specific rules or agencies governing spot foreign-exchange trading in Britain or the U.S. That may make it harder to bring prosecutions for market abuse, according to Srivastava, the Baker & McKenzie partner. Spot foreign-exchange transactions aren’t considered financial instruments in the same way as stocks and bonds. They fall outside the European Union’s Markets in Financial Instruments Directive, or Mifid, which requires dealers to take all reasonable steps to ensure the best possible results for their clients. They’re also exempt from the Dodd-Frank Act, which seeks to regulate over-the-counter derivatives in the U.S. “Just because Mifid doesn’t apply, the spot FX market shouldn’t be a free-for-all for banks,” said Ash Saluja, a partner at CMS Cameron McKenna LLP in London. “Whenever you have a client relationship, there is a duty there.” Sixteen of the largest banks, including Barclays, JPMorgan Chase & Co. (JPM) and Deutsche Bank (DBK), signed a voluntary code of conduct for foreign-exchange and money-market dealers in 2001 that was later included as an annex to guidelines issued by the Bank of England in November 2011. The BOE’s Non-Investment Products Code, which some banks use in contracts with clients, states “caution should be taken so that customers’ interests are not exploited when financial intermediaries trade for their own accounts.” It also says that “manipulative practices by banks with each other or with clients constitute unacceptable trading behavior.” “The thing about the code is it is a voluntary code,” the lawyer said. “It may be that compliance with that has almost been seen as optional.” Wait, you mean bankers signed a voluntary code of conduct promising not to steal and cheat their clients and... proceeded to steal and cheat? Unpossible: bankers would never do that. But since the FX market is indeed huge, and since this is like the Office Space strategy of taking tiny bits of "other people's money", even as everyone in the circle was making illegal profits, and since everyone's interests were aligned, here once again we get the perfect example of what everyone previously said could not happen: a massive manipulative conspiracy which is "impossible" as someone is always expected to talk. Guess what - they never talk if they have enough incentives not to. But the real bottom line is if any idiot is still wondering why there will never be a great rotation out of bonds into stocks, FX, commodities, or whatever, it is because by now everyone knows that the market is one giant rigged and manipulated casino. And it is much more enjoyable to blow your money away in Vegas that alongside the E*trade baby.
  21. Copper, the Nikkei, the Yen in reverse, silver... AFTER Alan Greenspan gave them the playbook (Credit & Debt Manipulation 101), now Ben Bernanke and global inflators everywhere have taken the ball and run with it in new, innovative and levered up ways, writes Gary Tanashian in his Notes from the Rabbit Hole. Actually it's a game of Whack-a-Mole and they play it well, these inflating moles. The minute you think you're going to drop the hammer on one of their heads, he's gone and another one pops up elsewhere. So how can we follow all the data points that hands-on, manipulative policy has introduced and forecast conclusions with accuracy? The answer is that it is difficult in the short-term, but in the long-term we are all dead anyway, so we might as well use some inflationary bubbles of the past as a road map to what may be ahead. There are currently several bubbles (and one anti-bubble: gold) in play over varying time frames. These bubbles are the direct result of policy actions. Last weekend we reviewed the bubble in Japan's Nikkei in relation to its policy-induced crashing of the Yen and then last week wouldn't you know that the Yen caught a bid and the Nikkei suffered an incredibly bearish day? That was the first impulsive hit. The Nikkei could well go back up to test the highs, but something seemed to kick off over there in the Land of the Rising Sun. Don't fall for calming talk across global markets. It appears the first big moneyed interests got the hell out of the Yen bear trade and the Nikkei bubble trade last week. The Nikkei is copper 2006, crude oil 2008, silver 2011, etc. These markets were hockey sticks with the blade pointing up... They reflected hot money that has been given permission to speculate and drive up prices. But this hot money, newly created and pumped into the financial system does little for the real economy. It transforms debt into vehicles for speculation within the financial sphere, with the first users being the most privileged with respect to coming policy. In other words, the financial entities that put the money to work first and most profitably have been given the playbook ahead of time. Let's be realistic about this. That right there disqualifies Bernanke and Co. from any respect in my book. The system is stacked and speaking as an American, is bad for most of America. You may have similar or contrary feelings about the policy of your country or union, depending on where you live. Never before have the few rich been so targeted for further enrichment and the many of modest or little means targeted for further degradation. Meanwhile the hype is that we have a Socialist in the White House. Well, why do you think he is there and why do you think his agenda is so popular? I guess this is how a screwed up society redistributes some of what its corrupted components have horded The entire post-2000 play has been to financialize the economy to keep it going. To financialize something, you need money. To print money you need to put up more credit and so on and so forth. We know that under Greenspan the US had a convenient partner in China, as the US printed up a bubble in commercial credit and sent the consumer out there, credit card in hand to buy up all sorts of cheaply made goods. This helped build China's infrastructure and pump commodities. That was the play; as inflation 'got out there' it took advantage of the 'China build out' hype and pumped strategic commodities. This time around, a different mole has popped up and it is not one that the commodity gurus and gold bugs favor as it leverages the deflationary pressures in many parts of the world, and contains commodity prices. But the money has to go somewhere and a stock market with a Goldilocks story of 'just right' economic and policy conditions carries the day. So in our twisted macro scenario, good is bad. Mediocre is good and bad will still be bad after the current phase passes. Last week the economic numbers were biased positive and the Fed was on full Jawbone with Huey, Dooey and Louie speaking and the last FOMC minutes were released to boot. An over bought market running with the cult of easy money had a little case of the jitters. That is because the financialized markets do not give a damn about what is good for their host countries or the average person. They are fixated on big mouth bankers in high places who feel they have the right to use monetary magic tricks to direct how the rest of us proceed with our financial affairs. They have withdrawn our free market in favor of something they manage as if it were just another government agency overseeing a given area for the public good. It is FrankenMarket and it does not want what is good for America; it wants what is good for it. At the end of last week some inconveniently strong economic data came in on the heels of the jawboning Fed. Weekly jobless claims were down, home prices were up strongly with sales, and durable goods order reversed a big chunk of the previous month's drop. This all paints a picture that puts the Fed in a position to have to answer the question "why are you taking yield from fixed income investors to reward risk takers if with the Dow above 15,000 and the economy strengthening?" The answer is that something of mocked up origins must be defended to the hilt because it was not born of natural means and its Achilles Heel lurks somewhere within the layers of leverage that has brought us to this point in a confusing macro backdrop. US manufacturing activity for instance is just right. It is going nowhere but is not declining impulsively. A question we might want to ask right here and now is how long will it keep up its lame growth if the Dollar keeps appreciating? A hard rise in the US Dollar would croak the manufacturing sector. What happens then, a return to the China labor outsource arbitrage gimmick? That is waning as China's underpaid workers are slowly being converted to consumers with financial means. Here are our hockey stick bubbles du jour... Japan's Nikkei is a hockey stick. Japan's Yen is a hockey stick flipped over. Copper was once a hockey stick and has gone nowhere – subject to massive ups and downs, compliments of the financialized economy – since. Crude oil was a hockey stick that got members of congress squabbling and hand wringing about how to control the evil speculators that drove the price up to such debilitating highs. Remember? The bubble was actually compliments of Alan Greenspan's out of control credit policies, which I'll bet not one of those bozos sought to blame back then. And finally, we have the silver hockey stick, which formed a huge blade right into the conclusion of the last inflationary phase and commodity blowout. Bottom line on the games of whack-a-mole and bubble hockey? With the modern way of doing things, money is created and set free to go where it will go within the structure of the global economy. Sometimes its inflationary effects will pop up here and sometimes there. Early last decade it was freed up to create a commodity bubble that attached itself to the 'China Story', which was itself a manifestation of the US-China cooperative experiment in credit creation and consumer spending. There is Paul Krugman; he of the respectable platforms at the New York Times and Princeton and there has been Larry Summers; he of the respectable platforms at the US Treasury and Harvard. There have been a thousand others throwing their hats into the ring, speaking intelligently as if they are anything but promoters of an unproductive system that issues credit and creates new money out of nowhere toward its ends. It is not a natural economic path. There will be resolution to the hockey stick forming in the Nikkei. The US and other global markets that have launched rallies through inflationary monetary policy along with the Yen's fall should be affected as well. As we have shown each week, there has been a great wall of sentiment-fueled rationalization erected as to why the new bull atmosphere is real and sustainable. Did the first brick pop out of that wall last week with the Nikkei's 7%-plus decline in a day? The "anti-bubble" is the hockey stick pointing downward toward hell that is the current view of most market participants toward an anchor to honest monetary systems. Namely gold. Think about this for a moment; creators of paper and digital money (i.e. credit) have got the global investment community eating out of their hands in service to asset speculation (in this case, equities) and in utter revulsion toward the anti-market to all of this chicanery, gold.
  22. WORLD BANK WHISTLE-BLOWER: “PRECIOUS METALS TO SERVE AS AN UNDERPINNING FOR PAPER CURRENCIES” http://silverdoctors.com/world-bank-whistle-blower-precious-metals-to-serve-as-an-underpinning-for-paper-currencies/#more-26232 WORLD BANK WHISTLE-BLOWER: “PRECIOUS METALS TO SERVE AS AN UNDERPINNING FOR PAPER CURRENCIES” MAY 7, 2013 BY THE DOC I had the opportunity yesterday to speak with one of the western world’s most courageous and astute women, Karen Hudes, Former Senior Counsel to the World Bank—now turned whistle-blower. It was a powerful conversation, as Karen spent 20 years with the World Bank as an attorney and economist, before being “let-go” after reporting internal fraud and corruption. During the interview Karen indicated that the world is rapidly changing, with western power structures breaking down, economic & political influence gravitating to BRICs nations, all amid a pending currency transition which will highly favor precious metals. Hudes stated: “All of the countries of the world are going to allow precious metals to serve as currency, and this will be an underpinning for paper currency, as we’ll have both systems at the same time.” From Tekoa Da Silva: Starting out by discussing the shocking centralized power she witnessed while working at the World Bank, Karen explained that, “A study done by three [swiss] systems analysts who used mathematical modeling [shows] how the [world's] 43,000 transnational corporations were being controlled through interlocking corporate directorates. There’s a group of 147 companies, most of them are financial institutions, and what they’ve done, is through the interlocking directorates, they control 40% of the net worth of these [43k] companies, and 60% of their earnings…so that group has been using the presidency of the World Bank as kind of a puppet to dominate the world—that’s [now] finished.” A major shock to that centralized power base, according to Karen, was the recent move by BRICs nations leaders to bypass the World Bank for their financing needs, by establishing their own development bank. “As the BRICs [nations] economic power grows,” she explained, “they’re not going to be strangled anymore through the grabbing [of] their resources…So their decision to start their own development bank was their way of letting [world] governments know…that its time to end this corruption.” Major moves toward monetary independence are also being made by growing numbers of U.S. states, Karen added. She explained that, “The states are starting to have legislation recognizing gold and silver bullion as legal currency. This is [also] a very strong signal the states are sending to the federal government, that the time to get serious about ending the corruption in the financial system is now here.” When asked her thoughts on what this all means for the world monetary system, Karen said, “What’s going to happen, is we’re going to have all the countries of the world, sit down and figure out what’s going to be the best, most orderly transition from the current system that we have, [which has] profound imbalance and unsustainable deficits…[this change] is going to happen as each country makes its preference known, because the system we have now is not transparent, and the biggest change [in the new system], is that there’s going to be transparency.” That transparency may be found through a gold-backed currency system, Karen noted, as, “All of the countries of the world are going to allow precious metals to serve as currency, and this will be an underpinning for paper currency, [as] we’ll have both systems at the same time. This is my guess, as I mentioned—I am an economist.” As a final comment speaking towards her difficult journey as a World Bank whistle-blower, Karen said, “I’ve been struggling now for years, to tell the American public what’s [been] going on. I haven’t gotten through, because this [financial] group has bought up the press and has been spreading disinformation systematically. That undermines the whole point of a democracy. How can voters vote without an informed opinion, without the information that they’re entitled too? So this strangle-hold on information is going to end in very short order.” —— This was a powerful interview conducted with a great American patriot and honorable world citizen. Karen is setting an example for the history books, and her interview is required listening for global thinkers and market students.
  23. http://www.zerohedge.com/news/2013-04-29/qbamco-precious-metals-and-coming-great-resetQBAMCO On Precious Metals And The Coming 'Great Reset' Authored by Lee Quaintance and Paul Brodsky of QBAMCO, Volume Triage Last Sunday we closed the macroeconomic portion of “Imperial Constraint” with the following: “So we ask again, are there really unpredictable market shocks or are investors paid not to care? To us, all signs point towards the next currency reset. We think monetary authorities are compulsively destroying the current global monetary system; they simply have no choice if they are to keep it afloat in the short term. We further think they will have no choice but to replace it with a gold exchange standard they oversee (i.e., a gold-standard-light, “Bretton Woods” type reset). Perhaps this explains the current redistribution away from unreserved paper gold to physical gold? We would not be surprised if, in 2014, someone like Larry Summers or Tim Geithner takes control of the Fed and oversees such an operation.” Two days later the Fed announced Ben Bernanke would not attend the Jackson Hole summit, for the first time in twenty five years. A couple days after that the New York Times (on the first page, no less) ran an in depth profile of Janet Yellen, the heir apparent to run the Fed. Beneath her profile there were three other candidates “being discussed:” Roger Ferguson, Tim Geithner and Larry Summers. We normally do not spend time handicapping presidential appointments. In this case; however, we think the choice for next Fed Chair may have profound economic implications, and that it would not require expertise in econometric modeling, credit policy management, and maintaining the public perception of economic stability. As we wrote last week, we think the next Fed Chairman will oversee a conversion of the global monetary regime. A thick skin, diplomatic skills, and strong relationships with global banks and monetary policy makers will be the skill set most needed. We think Tim Geithner (with Bill Dudley as an alternative) will take over the Fed when Ben Bernanke steps down next January, and it seems by all indications that the table is already being set. We attended a small dinner party a few years ago at which an iconic financier (and major Obama supporter) let it slip that he questioned one of Obama’s most senior aides just prior to the 2008 Democratic convention about taking over the economy when it was imploding. The aide waived it off and exclaimed; “oh don’t worry, Bobby has it covered!” Most of the table was relieved that Bob Rubin still had their backs and that banks would keep priority. Such was, and remains, US economic policy. Neither growth nor austerity nor gloom of night will stay these currencies from their appointed devaluations. Bank balance sheets must be preserved; ergo sufficient inflation must be manufactured. We think the dull but persistent economic malaise amid increasingly aggressive monetary intervention policies will soon engender fear among the not-so-great washed – net savers. This happier band of brothers cannot maintain an edge when the real economy contracts and interest rates are already at zero. Base money is already being manufactured in the form of bank reserves and the total money stock is not growing because there is very little natural economic incentive among the rest of us to consume (much) or take risk. Something and someone new is needed. Ben Bernanke seems like a brilliant political economist and a decent guy, the top of his field in terms of comportment, academic credentials and specific competence in understanding historical monetary policies during a counter-cyclical (i.e., de-leveraging) period. Perhaps Janet Yellen is too? But such qualities are not what we think will be preferred by the powers that be now that global resource producers are openly questioning US, British, Euro and Japanese monetary policies and reserve holders are realizing their stash is being methodically turned to trash. Meanwhile, aggregate leverage is growing and real economies are withering. Does anyone believe that Ben or any other monetary authority has been proactive, or that any fiscal authority has enacted legislation that promises to help achieve “escape velocity?” Can’t we all agree that the rationale for economic policy may be boiled down to the counterfactual: “yes, but imagine if they withdrew liquidity or enforced true austerity – it would be worse!”? Is there a serious analyst who still believes economies can grow their ways out of being over-levered without leveraging further? Whether or not contraction has to come-a-knocking prior to a monetary reset is anyone’s guess, but it would be difficult to imagine monetary system change without a generally-recognized economic tragedy that precedes it. This implies disappointing GDP prints, declining corporate revenues and maybe even a swoon in stock and real estate markets. We have already begun to experience the first two. Now that we read global central banks have begun buying equities, perhaps equity prices may be controlled too (as are the level of interest rates via large scale asset purchases like QE and relative currency exchange rates via timed interventions)? Negative output growth and asset price busts would certainly open the door for our hero to enter. The role of a central banker in the late stages of de-leveraging seems to be volume triage, as they say in intelligence circles – reacting to an increasing barrage of events as they occur, wherever they may occur. In economics as in policing, the bad guys always get to take the first shot. From the central banker’s perspective, the bad guy in the current regime is the real economy. If it continues to shrink, as we think it must, then TPTB must change the way they do business. We think the box we drew in Imperial Constraint is the key metric in understanding the forces behind economic growth and market pricing. An inflationary leveraging perpetuates imbalances while deflationary deleveraging threatens the survival of the banking system at large. Hopes for organic credit growth, which would promote the former, are now fleeting. This, in turn, engenders the threat of the latter. Continued ZIRP, increasing asset purchases and a steep decline in the universal efficacy of it all suggests the time to press the reset button is quickly approaching. May to December 2013 may turn out to be the darkness before the dawn; a time we look back upon and choose to forget. All in all we think the most efficient Fed Chair in advance of a reset would be Paul Krugman. He seems willing to destroy the current global monetary system with swift dispatch, without consultation, declaration (or second drafts). Alas, capitalist economies in liberal democracies require level-headed responses to market forces. There is no place for rogue pro-actionists. Institutions like the Fed are meant to appear as first responders working on behalf of the societies their banks serve. And so we think that circa 2070, our children will write and read (140-word) biographies about how Timothy Geithner saved the world from economic darkness. Geithner will save the day and bring glory to the Obama presidency by reducing the burden of debt repayment while maintaining the nominal integrity of debt covenants and bank balance sheets. The only way to accomplish this would be by destroying the currencies in which those debts are owed. Net debtors will rejoice and net savers (all 1% of them?) will suffer, finally realizing their unreserved currencies and levered financial assets were never sustainable wealth in the first place. Our little narrative could certainly turn out to be wrong, but we discuss it here (against all political wisdom) because we cannot find another one that better fits current macro and market pricing trends. If we are wrong about Mr. Geithner, we think it would imply that TPTB (raise your hand if you think the Fed’s shareholders do not choose/approve the Fed Chairman) believe a clear-headed and decent academic political economist can figure out what all past ones could not: how to support asset prices beyond ZIRP and central bank asset purchases. (Ben is gone, long reign Janet!) That is not our projection. When and if it becomes clear that Tim Geithner will ascend the steps at Eccles, we think it would already be too late to buy physical gold and resources. The only play remaining for financial asset investors looking to get full value after the reset would be shares in precious metal miners and natural resource producers holding reserves in nature’s vault. Properly held bullion and shares in precious metal miners would act as the most efficient store of purchasing power over the course of the devaluation and conversion. (Worst to first? Get ‘em while they’re cold!) Futures, ETFs, unallocated bullion holdings and other fractionally reserved claims on physical reserves easily replaced with cash would not participate. If our scenario comes to pass, then bank, government and consumer balance sheets would be quite healthy following the reset and would be ready to expand. We would think consumable commodities and shares in their producers would lead equity markets higher and that interest rates would remain low, as further inflation would be mitigated by the discipline of a full or partial peg to precious metals. We think all should question whether we are 100% wrong. If not, then prudence dictates some allocation to properly held precious metals. (Presently, it is less than 1% of all global pensions.)
  24. http://www.wealthdaily.com/articles/a-150-increase-in-this-silver-companys-dividend/4013
  25. By April 30th ViaMat wants US customers to tell them where they would like their gold sent to. Almost 70 years in business protecting gold assets we are now seen as a tax liability. Story link.
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